Dealing with Uncertainty in Flood Management Through Diversification

Argues the use of Modern Portfolio Theory for a systemmatic discussion of the relationship between the return and risk of individual flood mitigation activities and the return and risk of complete portfolios.

Author names:

Aerts, J. C. J. H.

Botzen, W.

van der Veen, A.

Krywkow, J.

Werners, S.

Year:

2008

Publisher:

Ecology and Society

URL:

http://www.ecologyandsociety.org/vol13/iss1/art41/

Reference:

Aerts, J. C. J. H., W. Botzen, A. van der Veen, J. Krywkow, and S. Werners. 2008. Dealing with uncertainty in flood management through diversification. Ecology and Society 13(1): 1-17.

Geographical area:

Europe

Scale:

National

Policy areas considered:

Water management

Climate risks considered:

Flooding & Precipitation

Decision-Support Tools:

Robust Decision Making (RDM)

Adaptive Management (Iterative Risk Management)